Process Automation and Instrumentation Market

Process Automation and Instrumentation Market: North America to Dominate the Global
Market Throughout the Forecast Period: Global Industry Analysis (2012 - 2016) and
Opportunity Assessment (2017 - 2027)
Valuable insights on the global scenario of process automation and instrumentation have been put
forth in a structured order based on a recently carried out research on process automation and
instrumentation market. Future Market Insights in its new publication titled “Process Automation
and Instrumentation Market: Global Industry Analysis (2012-2016) and Opportunity Assessment
(2017-2027)” has covered several key players, trends, growth drivers, opportunities, developments
and restraints across several key geographies of North America, Western Europe, Eastern Europe,
Asia Pacific excluding Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA). On
the basis of a systematic research process and a detailed market segmentation, current and future
projections up to ten years, from 2017 to 2027, with respect to value are drawn to deliver valuable
acumen about the global market scenario.
Global Process Automation and Instrumentation Market: Forecast
The global process automation and instrumentation market is anticipated to grow at a significant
growth rate throughout the period of forecast of 2017-2027. The global process automation market
and the global process instrumentation market collectively are estimated to reach a value of about
US$ 174 Bn by the end of 2027.
The global process automation market is expected to witness robust growth during the assessment
period and is poised to register a CAGR of 6.0% throughout the 2017-2027 period. By the end of
2027, the global market for process automation is estimated to be valued at about US$ 153.6 Bn
from a value of US$ 85.5 Bn in 2017. The global process instrumentation market is projected to
grow at a CAGR of 5.8% during the 2017-2027 assessment period. By the end of 2027, the process
instrumentation market is estimated to reach a market evaluation of about US$ 20.5 Bn.
Global Process Automation and Instrumentation Market: Influencing Factors
The global process automation and instrumentation market is being driven by several aspects in the
market. Some of them are rising presence of process industries that which need process automation
and instrumentation, rising focus on automation with a view to increase speed, quality and overall
productivity and reduce errors, rising oil and refineries industry, significant demand for automation
in the chemical industry, competitive environment prevalent in various regions, rising awareness
towards digitalization and technological innovation, rising ethernet and internet technologies in
control systems on mining and oil and gas plants, the increasing urge to maintain safety standards,
rising demand for process automation in the utilities sector and rising awareness of digitizing oil
and gas platforms.
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Global Process Automation Market: Segmental Insights
The global process automation market is segmented by solutions (PLC, DCS, SCADA, HMI, APC,
MES, and Safety Automation), application (chemical, metal & mining, food & beverage, oil & gas,
pharmaceutical, power, pulp and paper, wastewater treatment and others) and region.
By application type, the wastewater treatment and pharmaceutical segments are anticipated to
grow at same and higher rates throughout the assessment period, however pharmaceutical segment
is estimated to show a high market valuation by 2027 end. The chemical segment is likely to
dominate the global process automation market by application to reflect a value of around US$ 21.3
Bn by 2027 end
PLC segment by solution type is expected to dominate the market with a high lead in valuation
and is estimated to reach US$ 41.7Bn by the end of 2027. APC segment shows highest growth rate
throughout the period of forecast. The SCADA segment shows high potential during the 2017-2027
period
North America region is poised to lead the global market with respect to market value, followed
by Asia Pacific excluding Japan and Western Europe. Middle East and Africa region poised to grow
at a high 6.8% CAGR throughout the period of assessment
Global Process Instrumentation Market: Segmental Insights
The global process instrumentation market is segmented by instrument type (transmitter, flow
meters, analysers, controllers, recorders, switches and vacuum instruments), application (chemical,
metal & mining, food & beverage, oil & gas, pharmaceutical, power, pulp and paper, wastewater
treatment and others) and region.
By region, North America dominates the global market growing at a moderate CAGR during
2017-2027 period. MEA region in this market also shows highest growth rate to reflect a CAGR of
6.4% throughout the assessment period
Oil and gas and others segment by application, poised to show significant market estimations
with a moderate growth rate throughout the period of assessment. Pulp and paper and wastewater
treatment segments poised to grow at a same growth rate to register a 6.9% CAGR during the
forecast period
By instrument type, the transmitter segment is the largest segment and is anticipated to reflect a
high value estimate of about US$ 5.8 Bn in 2027, followed by vacuum instruments segment. The
vacuum instruments segment is anticipated to grow at the highest rate to register a CAGR of 6.1%
throughout the period of forecast, 2017-2027
Global Process Automation and Instrumentation Market: Competitive Scenario
The global process automation and instrumentation market research report has profiled several key
players involved in the market. Few of them are ABB Limited, Endress+Hauser Management AG,
Emerson Electric Company, Mitsubishi Electric Company, Rockwell Automation Inc., Siemens AG,
Pepperl+Fuchs GmbH, HollySys Automation Technologies Ltd., Schneider Electric SE, Honeywell
International Inc., Yokogawa Electric Corporation, R. STAHL AG, Bosch Group, Thermo Fisher
Scientific Inc., Agilent Technologies, Inc., Oxford Instruments Plc., Forbes Marshall Pvt. Ltd.,
Parker Hannifin Corp. and Danaher Corp.